Investor Presentaiton

◉ Directions for Reform Improve the adequacy of state pension systems Share of Respondents Saying Government Should Raise the Retirement Age ◉ Philippines 23% Encourage or require China 38% workers to save more for Taiwan 40% their own retirement Vietnam 43% Malaysia 53% Establish more robust floors of old-age poverty Singapore 54% Thailand 60% protection Indonesia 62% Hong Kong 68% Raise retirement ages and encourage longer work lives South Korea 83% 0% 20% 40% 60% 80% 100% 回回 GAI Global Aging Institute 19

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